Bitcoin Forum

Other => Beginners & Help => Topic started by: Mbitr on April 08, 2020, 04:47:26 PM



Title: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 08, 2020, 04:47:26 PM
During this lockdown I’ve been getting a bit bored and so I decided to re read Satoshi’s whitepaper . I’m always surprised when I’ve met some bitcoiners in real life and they haven’t read the whitepaper. I wonder if you’ve read it ? If you haven’t , give it a read  :)

As an extra incentive to any members who want a few merit , I’ll do a little quiz on it tomorrow , so keep an eye on this thread !

Just 5 little questions with 5 answers and 5 merits up for grabs. 1 merit each for each correct answer. First to answer each question correctly gets a merit.

But don’t panic , if you dont win a merit at least you’ve read the whitepaper and hopefully you’ve learnt something .
Remember this is just a bit of fun .

https://bitcoin.org/bitcoin.pdf

Question 1.
Easy one to start - How many times is the word Bitcoin/bitcoin mentioned in the whitepaper ?
Answer - 2 times

Question 2.
Which referenced author’s full name appears in the main body of text ?
Answer - Adam Back

Question 3.
Which important 4 letter word appears 42 times in the whitepaper ?
Answer - hash

Question 4.
In the main body of the text - What is the ‘additional firewall’ that Satoshi mentions ?
Answer - a new key pair or each transaction

Question 5
How many times does Satoshi mention 21 million ?
Answer - Zero

Well that’s it , thanks for taking part and congrats to the winners. Hope everyone who took part enjoyed the quiz and enjoyed reading the whitepaper. :)


Title: Re: Bitcoin Whitepaper- a MUST read for all and a chance to
Post by: Mbitr on April 08, 2020, 04:58:32 PM
During this lockdown
If you have anything to share with the community from the bitcoin whitepaper, your thoughts and opinions after reading it, questions and other whatnots, then great, but not this.
Sorry I had sausage fingers and hit the post button before I finished the whole post !!


Title: Re: Bitcoin Whitepaper- a MUST read for all and a chance to
Post by: Yogee on April 08, 2020, 05:02:04 PM
At the very least, provide a link to the whitepaper like https://bitcoin.org/bitcoin.pdf

Those who don't know and simply search on Google could land to other websites like bitcoindotcom. You know that site run by a fork?


Title: Re: Bitcoin Whitepaper- a MUST read for all and a chance to
Post by: Mbitr on April 08, 2020, 05:11:59 PM
At the very least, provide a link to the whitepaper like https://bitcoin.org/bitcoin.pdf

Those who don't know and simply search on Google could land to other websites like bitcoindotcom. You know that site run by a fork?

You are more than right - Thankyou - I was in a rush because of my damn sausage fingers  :)


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: bitmover on April 08, 2020, 05:30:57 PM
Certainly a must read
Satoshi explains everything in the whitepaper, wallets, nodes  pow...

I read it several times already  and I always learn more each time I read.

I made a quick summary on pow based on the whitepaper,  take a read later

https://bitcointalk.org/index.php?topic=3317586.0


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 08, 2020, 05:58:37 PM
Certainly a must read
Satoshi explains everything in the whitepaper, wallets, nodes  pow...

I read it several times already  and I always learn more each time I read.

I made a quick summary on pow based on the whitepaper,  take a read later

https://bitcointalk.org/index.php?topic=3317586.0
Nice post - it certainly helps to simplify things as much as possible ( for me anyway ) , cheers mate.Also  reminds me to re- read Mastering Bitcoin - first book I read on Bitcoin and tbh the technical stuff was too much for me back then .


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Bazlur on April 08, 2020, 06:18:21 PM
As an extra incentive to any members who want a few merit , I’ll do a little quiz on it tomorrow , so keep an eye on this thread !

I want to take part in your quiz contest. When do you start your quiz tomorrow?

https://bitcoin.org/bitcoin.pdf

I can't download Bitcoin whitepaper from the above link.
You can add this download link  https://whitepaper.io/document/0/bitcoin-whitepaper


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 08, 2020, 06:52:36 PM
As an extra incentive to any members who want a few merit , I’ll do a little quiz on it tomorrow , so keep an eye on this thread !

I want to take part in your quiz contest. When do you start your quiz tomorrow?

https://bitcoin.org/bitcoin.pdf

I can't download Bitcoin whitepaper from the above link.
You can add this download link  https://whitepaper.io/document/0/bitcoin-whitepaper
Thanks probably start about 9am - my time - just check my profile for my time zone and say roughly 1 question per hour ? See how it goes  :)


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Solosanz on April 09, 2020, 07:11:57 AM
Question 1.
Easy one to start - How many times is the word Bitcoin/bitcoin mentioned in the whitepaper ?

I will say 2 times ???


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 09, 2020, 07:15:01 AM
Question 1.
Easy one to start - How many times is the word Bitcoin/bitcoin mentioned in the whitepaper ?

I will say 2 times ???
Yep - well done  :)


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Solosanz on April 09, 2020, 07:18:23 AM
Yep - well done  :)

Thank you Mbitr, will wait the second and more question
Will try my luck :D


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 09, 2020, 07:59:58 AM
Question 2.
Which referenced author’s full name appears in the main body of text ?


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: blue Snow on April 09, 2020, 08:04:39 AM
Adam Back


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: ZaraCB on April 09, 2020, 08:06:18 AM
R.C.  Merkle


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 09, 2020, 08:08:29 AM
Adam Back
Correct :)


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: blue Snow on April 09, 2020, 08:13:18 AM
:D :D thank you I find it on point number #4 proof of work
Quote
To implement a distributed timestamp server on a peer-to-peer basis, we will need to use a proof-of-work system  similar to Adam  Back's  Hashcash


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 09, 2020, 08:59:48 AM
Question 3.
Which important 4 letter word appears 42 times in the whitepaper ?


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: ZaraCB on April 09, 2020, 09:01:56 AM
hash


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 09, 2020, 09:02:33 AM
hash
Wow - super quick - correct


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Raytheon on April 09, 2020, 09:58:54 AM
Question 4.
In the main body of the text - What is the ‘additional firewall’ that Satoshi mentions ?
A new key pair


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: ZaraCB on April 09, 2020, 09:59:13 AM
a new key pair


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Review Master on April 09, 2020, 10:00:37 AM
Question 4.
In the main body of the text - What is the ‘additional firewall’ that Satoshi mentions ?
a new key pair


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 09, 2020, 10:01:24 AM
Question 4.
In the main body of the text - What is the ‘additional firewall’ that Satoshi mentions ?
A new key pair
Correct - well done  :)


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: ZaraCB on April 09, 2020, 11:01:15 AM
zero


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 09, 2020, 11:02:09 AM
zero
Well done  :)


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: bitmover on April 09, 2020, 11:51:12 AM
I will make a question as well:

What are SPV wallets and why are they important? Best and complete answer 3 merits.


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Apocollapse on April 09, 2020, 12:11:27 PM
I will make a question as well:

What are SPV wallets and why are they important? Best and complete answer 3 merits.

Not sure if I'm true, at least I try :)

SPV wallets is kind of wallet who doesn't download the entire blockchain since that wallet is using SPV (Simplified Payment Verification) term.

It's important because SPV is minimize from download all the entire blockchain. Bitcoin is the thing we should run all the full node, but with SPV we only need the merkle root of each block to verify the transaction

Source from
https://www.[Suspicious link removed]s/amp.reddit.com/r/Bitcoin/comments/3c3zn4/whats_the_difference_between_an_api_wallet_and_a/
https://hackernoon.com/spv-proofs-explained-qd1p3r1q


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: blue Snow on April 09, 2020, 12:22:03 PM
Answer question @bitmower
using Bitcoin without running a full network node called SPV.
- Native Bitcoin SPV client - still development - BitcoinSPV is still a work-in-progress
- Modified SPV wallet client for bitcoin - Lightning network
https://en.bitcoinwiki.org/wiki/Simplified_Payment_Verification


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Raytheon on April 09, 2020, 12:33:00 PM
I will make a question as well:

What are SPV wallets and why are they important? Best and complete answer 3 merits.
In section 8 of the whitepaper, Satoshi talked about Simplified Payment Verification (SPV):
Quote
It is possible to verify payments without running a full network node. A user only needs to keep a copy of the block headers of the longest proof-of-work chain, which he can get by queryingnetwork nodes until he's convince he has the longest chain, and obtain the Merkle branchlinking the   transaction to the block it's timestamped in. He can't check the transaction forhimself, but by linking it to a place in the chain, he can see that a network node has accepted it,and blocks added after it further confirm the network has accepted it.

From this, SPV wallets can be defined as those wallets that download a small, specific part of blockchain only but still make sure your transactions in block and maintain security (less secured than running a full node, of course). This kind of wallet is important because they're an ideal option for portable devices like smartphones.


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: bitmover on April 09, 2020, 01:40:10 PM
I will make a question as well:

What are SPV wallets and why are they important? Best and complete answer 3 merits.
In section 8 of the whitepaper, Satoshi talked about Simplified Payment Verification (SPV):
Quote
It is possible to verify payments without running a full network node. A user only needs to keep a copy of the block headers of the longest proof-of-work chain, which he can get by queryingnetwork nodes until he's convince he has the longest chain, and obtain the Merkle branchlinking the   transaction to the block it's timestamped in. He can't check the transaction forhimself, but by linking it to a place in the chain, he can see that a network node has accepted it,and blocks added after it further confirm the network has accepted it.

From this, SPV wallets can be defined as those wallets that download a small, specific part of blockchain only but still make sure your transactions in block and maintain security (less secured than running a full node, of course). This kind of wallet is important because they're an ideal option for portable devices like smartphones.

Exactly. SPV wallets are mentioned in the whitepaer, just as you pointed out.

They are important for adoption, and portable devices are a very good example of it. Imagine if we had to download 200 Gb of data in a smartphone just to receive or send some bitcoins?


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Baofeng on April 09, 2020, 01:48:01 PM
Yes it is a must read, and it is also on audiobook. (https://bitcointalk.org/index.php?topic=5231985.0)


Title: Re: Bitcoin Whitepaper- a MUST read for all and a little merit giveaway
Post by: Mbitr on April 09, 2020, 06:41:42 PM
Thanks Baofeng for the info  :)
Thanks again to bitmover for the extra question and knowledge  :)
I’ll lock this down now and start work on a new quiz  :)